The Interior Car Accessories Market to shirk economic slowdown between 2016 and 2024

The global interior car accessories market is estimated to reach a market valuation of US$ 267.14 Bn by the end of 2024, registering a CAGR of 5.6% in terms of value over an eight-year forecast period (2016–2024). A new report published by Persistence Market Research titled “Interior Car Accessories Market: Global industry Analysis and Forecast, 2016-2024” examines the global interior car accessories market from 2016 to 2024 and provides useful insights on key drivers and trends influencing the market.

The global interior car accessories market is categorized by product type into covers, electronic accessories, knobs, consoles & organizers, car cushions & pillows, fragrance, communication, car mats, central locking system, dash kits, and sunshades; by vehicle type into passenger cars and pickup trucks; by distribution channel into OEM and aftermarket; and by region into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. According to analysts at Persistence Market Research, the passenger cars segment is estimated to account for a bulk of the interior car accessories market by the end of 2016 and is expected to hold a market share of 92.0% by the end of the forecast period (2024).

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/11833

Market dynamics

A growing consumer inclination towards an entertaining driving experience, increasing demand for fast moving car accessories, and rising vehicle customization among a young population are the key drivers expected to fuel growth of the global interior car accessories market over the forecast period. Growth of the global automotive industry and a subsequent rise in the sales of passenger cars and pickup trucks is further likely to boost the global market for interior car accessories.

The global market for interior car accessories does face some challenges. “Availability of counterfeit and inferior quality electronic accessories, which are mostly imported from Asian continents to other regions and cost competitiveness owing to huge market fragmentation is anticipated to hamper the growth of the global interior car accessories market over the forecast period.” — Business Analyst – Automotive, Persistence Market Research

Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/11833

Market highlights

By product type, the covers and electronic accessories segments are collectively expected to hold the highest revenue share over the forecast period. The covers segment is estimated to be valued at US$ 36.46 Bn by the end of 2016, up from US$ 34.48 Bn in 2015. The electronic accessories segment is estimated to account for the highest revenue share, valued at US$ 48.84 Bn by the end of 2016.

By distribution channel, the aftermarket segment is estimated to account for 74.7% value share in 2016 and is projected to register a CAGR of 5.2% over the forecast period.

Among regions, Europe is expected to account for the highest share of the global interior car accessories market over the forecast period, owing to increased consumer spending on interior car accessories in the region. Europe is estimated to account for a revenue share of 34.0% by the end of 2016, registering a CAGR of 5.8% over the forecast period. North America is likely to account for 20.1% revenue share by the end of 2024.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/11833

About us:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

Comments

Post a Comment

Popular posts from this blog

A CAGR Of 15% Expected To Be Registered Between 2031 For Disinfection Robot Market

  According to a revised report published by Persistence Market Research, the global   disinfection robots market  valued at   US$ 1 Bn   in 2020, and is predicted to surge at a   CAGR of more than 15%   during the forecast period (2021–2031). Impact of the COVID-19 pandemic due to the spread of SARS-CoV-2 has tested the obtainability of traditional disinfectants, which has led to a spike in demand for disinfection robots from institutions and companies. These robots are deployed progressively as an artless solution for the instantaneous decontamination of all surfaces of common areas and rooms, and, as such, they seem an attractive alternative for reducing dependency on cleaning services. Presently, disinfection robots are not an alternative to hospital cleaning services, but can be a complementary solution. Get Sample Copy of this Report @  https://www.persistencemarketresearch.com/samples/22822 Various companies received FDA & CE appro...
Read more

Servo Motors Drives Market: Future Forecast Indicates Impressive Growth Rate 2019 – 2029

Image
  The global servo motors and drives market was valued at  ~ US$ 9 Bn in 2014,  and is expected to surpass  US$ 12 Bn  by the end of  2019 . The servo motors and drives market is expected to grow at a  CAGR of ~ 8% between 2019 and 2029 , and is estimated to reach a global value of  ~ US$ 28 Bn  by the end of  2029. Persistence Market Research released a new market study on the servo motors and drives market, which includes the global industry analysis  2014–2018  and forecast  2019–2029 . The report studies the global servo motors and drives market and offers an in-depth analysis for the next ten years. The report on the global servo motors and drives market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global servo motors and drives market. The report on the servo motors and drives market also discusses restraints that are expected to hamper the global market, a...
Read more

Increased Adoption of Virtual Desktop Infrastructure Market across End-Use Industries to Fuel Revenue Growth During the Forecast Period by 2030-Persistence Market Research

  As per findings of a new market research report by Persistence Market Research, the global   virtual desktop infrastructure market   reached a valuation of nearly   US$ 3.5   Bn in   2019 , and is anticipated to exhibit a CAGR of around   12%   during the forecast period of   2020  to   2030 . The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers and employees can avail benefits such as reliable data backup, cost savings, expanded mobility, increased productivity, and job satisfaction. Virtual desktop infrastructure helps secure the employee devices, as it supports a highly secure infrastructure. This system is like screen-scraping technology used with mainframe computers, where no actual data is delivered to the device, and all data remains in the data center...
Read more